THE TALENT FOUNDRY TRUST

Charity number: 1134468
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Our aim is to promote social mobility by creating and delivering high-quality opportunities for young people in the most deprived communities that will help them develop and build the skills they will need for work in the 21st Century and which will inspire and motivate them to discover what they are amazing at and fulfil their potential.

Income and expenditure

Data for financial year ending 31 August 2024

Total income:
£1,548,406

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Donations and legacies £865.57k
Charitable activities £675.31k
Other trading activities £0
Investments £7.53k
Other £0

Total expenditure:
£1,540,480

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Raising funds £13.52k
Charitable activities £1.53m
Other £0

£0 investments gains (losses)

Total income includes £48,387 from 4 government contract(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £13.52k
Charitable expenditure £1.53m
Retained for future use £7.93k

People

20 Employee(s)

11 Trustee(s)

1813 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£80k to £90k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Services
  • Other Charitable Activities
Where the charity operates:
  • Throughout England And Wales
  • Scotland

Governance

Registration history:
  • 23 February 2010: Standard registration
Organisation type:
Charitable company
Other names:
  • THE TRANSFORMATION TRUST (ENGLAND) (Previous name)
Company number:
06852919 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
SIR DAVID CHARLES MAURICE BELL Chair
BATH MOZARTFEST LIMITED
Received: On time
THE BELL FAMILY CHARITABLE TRUST
Charity reporting is overdue by 82 days
SCRUM THEATRE
Received: 5 days late
Graeme Waind Trustee 26 June 2024
None on record
Amy Clare Leonard MBE Trustee 01 January 2024
None on record
Catherine Lisa Murphy Trustee 27 September 2023
None on record
Duncan James Scott Trustee 24 March 2021
None on record
Sarah Louise Richardson Trustee 25 November 2020
None on record
Mohsen Ojja Trustee 25 November 2020
THE UNITED WESTMINSTER AND GREY COAT FOUNDATION
Received: On time
Michael Green Trustee 21 March 2019
None on record
LUKE BRADLEY-JONES Trustee 01 January 2018
None on record
LORD RICHARD MARK NEWBY Trustee 05 October 2016
None on record
Fiona Michelle Ryland Trustee 20 May 2015
THE WHITEHALL AND INDUSTRY GROUP
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/08/2020 31/08/2021 31/08/2022 31/08/2023 31/08/2024
Total gross income £960.17k £663.92k £1.07m £1.54m £1.55m
Total expenditure £653.57k £652.13k £1.02m £1.39m £1.54m
Income from government contracts N/A N/A N/A £76.52k £48.39k
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £712.55k £565.10k £776.39k £1.03m £865.57k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £247.61k £98.81k £294.71k £506.32k £675.31k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £11 £0 £1 £2 £7.53k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £653.57k £627.97k £1.02m £1.31m £1.53m
Expenditure - Raising funds £0 £24.15k £474 £85.09k £13.52k
Expenditure - Governance £7.47k £22.20k £18.76k £7.96k £13.31k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/08/2020 31/08/2021 31/08/2022 31/08/2023 31/08/2024
Own use assets £0 £0 £0 £0 £0
Long-term investments £0 £0 £0 £0 £1
Other assets £1.07m £1.07m £1.15m £1.20m £1.63m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £499.43k £481.25k £509.76k £416.48k £829.73k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 August 2024 22 January 2025 On Time
Accounts and TAR 31 August 2024 22 January 2025 On Time Download Open in new window
Annual return 31 August 2023 29 January 2024 On Time
Accounts and TAR 31 August 2023 29 January 2024 On Time Download Open in new window
Annual return 31 August 2022 03 January 2023 On Time
Accounts and TAR 31 August 2022 03 January 2023 On Time Download Open in new window
Annual return 31 August 2021 21 December 2021 On Time
Accounts and TAR 31 August 2021 21 December 2021 On Time Download Open in new window
Annual return 31 August 2020 31 March 2021 On Time
Accounts and TAR 31 August 2020 31 March 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 19/03/2009 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 18/12/2009 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 01/05/2013 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 05 DEC 2019 AS AMENDED ON 15 DEC 2020 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 15 NOV 2020 as amended on 06 Oct 2021

Charitable objects

TO ADVANCE IN LIFE AND HELP YOUNG PEOPLE THROUGH PROVIDING SUPPORT AND ACTIVITIES WHICH DEVELOP THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS MATURE AND RESPONSIBLE INDIVIDUALS.

Area of benefit

The area the charity can operate in, as set out in its governing document.

UNDEFINED. IN PRACTICE, LOCAL

Contact information

Address:
c/o Goodman Jones LLP
1st Floor Arthur Stanley House
40-50 Tottenham Street
London
W1T 4RN
Phone:
02071480934
Email:
info@talentfoundry.org.uk
Website:

www.talentfoundry.org.uk Open in new window